20°C / 22°C
  • Thu
  • 16°C
  • 10°C
  • Fri
  • 18°C
  • 11°C
  • Sat
  • 20°C
  • 14°C
  • Sun
  • 23°C
  • 15°C
  • Mon
  • 23°C
  • 15°C
  • Tue
  • 21°C
  • 15°C
  • Thu
  • 31°C
  • 13°C
  • Fri
  • 27°C
  • 17°C
  • Sat
  • 24°C
  • 17°C
  • Sun
  • 26°C
  • 16°C
  • Mon
  • 27°C
  • 16°C
  • Tue
  • 26°C
  • 16°C
  • Thu
  • 16°C
  • 12°C
  • Fri
  • 20°C
  • 12°C
  • Sat
  • 21°C
  • 16°C
  • Sun
  • 22°C
  • 16°C
  • Mon
  • 23°C
  • 16°C
  • Tue
  • 23°C
  • 16°C
  • Thu
  • 17°C
  • 11°C
  • Fri
  • 19°C
  • 12°C
  • Sat
  • 20°C
  • 14°C
  • Sun
  • 25°C
  • 15°C
  • Mon
  • 24°C
  • 15°C
  • Tue
  • 22°C
  • 16°C
  • Thu
  • 22°C
  • 16°C
  • Fri
  • 25°C
  • 18°C
  • Sat
  • 26°C
  • 17°C
  • Sun
  • 23°C
  • 20°C
  • Mon
  • 23°C
  • 19°C
  • Tue
  • 23°C
  • 18°C
  • Thu
  • 22°C
  • 13°C
  • Fri
  • 25°C
  • 15°C
  • Sat
  • 22°C
  • 17°C
  • Sun
  • 22°C
  • 16°C
  • Mon
  • 21°C
  • 18°C
  • Tue
  • 21°C
  • 17°C
  • Thu
  • 35°C
  • 14°C
  • Fri
  • 33°C
  • 17°C
  • Sat
  • 32°C
  • 15°C
  • Sun
  • 33°C
  • 15°C
  • Mon
  • 33°C
  • 15°C
  • Tue
  • 32°C
  • 16°C
  • Thu
  • 27°C
  • 14°C
  • Fri
  • 25°C
  • 18°C
  • Sat
  • 25°C
  • 17°C
  • Sun
  • 26°C
  • 16°C
  • Mon
  • 27°C
  • 16°C
  • Tue
  • 27°C
  • 16°C
  • Thu
  • 17°C
  • 13°C
  • Fri
  • 20°C
  • 14°C
  • Sat
  • 22°C
  • 16°C
  • Sun
  • 25°C
  • 17°C
  • Mon
  • 25°C
  • 17°C
  • Tue
  • 23°C
  • 18°C
  • Thu
  • 20°C
  • 11°C
  • Fri
  • 23°C
  • 14°C
  • Sat
  • 19°C
  • 12°C
  • Sun
  • 25°C
  • 10°C
  • Mon
  • 27°C
  • 13°C
  • Tue
  • 28°C
  • 14°C
  • Thu
  • 16°C
  • 12°C
  • Fri
  • 25°C
  • 11°C
  • Sat
  • 27°C
  • 17°C
  • Sun
  • 22°C
  • 17°C
  • Mon
  • 21°C
  • 17°C
  • Tue
  • 23°C
  • 17°C
  • Thu
  • 25°C
  • 11°C
  • Fri
  • 28°C
  • 15°C
  • Sat
  • 22°C
  • 15°C
  • Sun
  • 22°C
  • 14°C
  • Mon
  • 22°C
  • 15°C
  • Tue
  • 23°C
  • 15°C

Greater Giyani Municipality to act against officials involved in VBS 'heist'

The municipality illegally invested at least R160 million with the mutual bank, money which has since been written off with the collapse of the bank.

VBS Mutual Bank logo. Image: Supplied

GIYANI, LIMPOPO – The Greater Giyani Municipality in Limpopo says disciplinary processes are already underway against officials found to be involved in the VBS Mutual Bank saga.

The municipality illegally invested at least R160 million with the mutual bank, money which has since been written off with the collapse of the bank.

Eight municipalities in Limpopo deposited R1.2 billion with VBS.

Residents have since complained about a lack of basic services.

The effects of the VBS scandal appear to be evident, with rural communities saying that municipalities now have no funds to complete projects.

But Greater Giyani Municipal Manager Maxwell Chauke says he has a plan.

“We’ve collected about R10 million from those that owed municipality as part of the recovery plan to ensure that the gap that has been left by this VBS investment is closed.”

He says the chief financial officer and former acting municipal manager have been suspended so far.

He says no one who illegally invested money with VBS will be spared, with internal disciplinary hearings planned.

WATCH: VBS Bank 'heist' halts Greater Giyani Municipality projects

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus